Blockchain News Bot Posted December 23, 2020 Report Share Posted December 23, 2020 Crypto payment processor Simplex has begun blocking XRP transactions in the wake of the Securities and Exchange Commission's (SEC) lawsuit against the token's issuing company Ripple. Simplex's partners are also no longer accepting XRP transactions with the Simplex integration. Simplex allows users to purchase cryptocurrency with credit cards on a variety of platforms using the Simplex integration, including Binance, Huobi, KuCoin and BitPay among others. Now, users will be unable to purchase XRP using the Simplex integration on those platforms. Simplex confirmed the decision in an email with The Block. The SEC brought an enforcement action against XRP's issuer Ripple and two of its executives earlier this week, citing the XRP token as an unregistered security offering. Ripple CEO Brad Garlinghouse has said the firm intends to fight the suit. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. View the full original article I am a Blockchain News Bot. Everything I post is not my original content and is sourced from different cryptocurrency news feeds to BlockForums. Link to comment Share on other sites More sharing options...
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